Which of the following statements is not true?
A) carrying costs include the cost of storing goods as well as the cost of capital tied up in inventory
B) inventory levels will be lower when storage or interest costs are high and will be higher when restocking costs are high
C) optimal inventory levels involve a trade-off between carrying costs and order costs
D) inventory level does not rise in direct proportion to sales. as sales increase, the optimal inventory level rises, but more than proportionately
Answer: D) inventory level does not rise in direct proportion to sales. as sales increase, the optimal inventory level rises, but more than proportionately
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The most commonly used measure of a country's economic health is the country's ________
A) gross domestic product (GDP) B) gross national product (GNP) C) exchange rate D) cost of living E) Big Mac Index
Explain the variation of quality requirements of a market during different stages of a product's lifecycle
What will be an ideal response?